Business Opportunity Interview Week 18, I got the distinct pleasure of interviewing Jerry Watson of ICS. Come watch the discussion about ICS and how you might be able to make money with their business opportunity.
What is ICS you ask?
Innovative Capital Strategies, Inc: Capital Ready Package – The Capital Acquisition Plan (CAP) is a personalized plan to acquire the capital needed to fund the start-up or growth of a small business. All entrepreneurs who participate in the CAP are guaranteed a minimum of $100,000 to start or grow a business.
Each week our interview will feature the industry’s finest examples of business opportunities, owners of opportunities, industry authors and special tips & tricks for the seasoned savvy veteran to the newest business opportunity owner just staring out.
Here is our interview:
I wanted to start by thanking Jerry for being a part of the ShopABizOp.com community!
Q: Share a quote that you love and that gives you strength or peace.
A: “Never Let The Things You Want, Make You Forget The Things You Have.” – Unknown
Q: Can you tell us a bit about your background?
A: I am currently retired, at least from Corporate life, married with 1 child at home (age 17) living in Boca Raton Florida.
I spent 30 plus years in the Travel Industry encompassing various sales and marketing roles with Airlines, Cruise Lines, Tour Operators and Travel Consortiums.
After my retirement, I did consulting with companies in the Travel Industry and other ventures. I chose to open my own business in the Network marketing arena with the intent of partnering with a company that provided good income potential as well as residual income from sales. My venture into that arena had its challenges and even though I had success with recruiting, the companies I was involved with changed their mode of operation and commissions.
I have now joined a company (Innovative Capital Services) as a branch manager providing funding opportunities to individuals, startups as well as existing business that are in need of capital. Our company provides the expertise and help developing loan documents, business plans and credit building service.
Q: When was the last time you felt burned out and why?
A: The last time I felt burned out was last year, 2019. I had 2 huge opportunities that fizzeled out due in part to their changing their program. I had been successful in recruiting a great group of sub-contractors and was looking forward to a very rewarding financial earnings year and beyond.
This business has brought out the best of me. I have the opportunity to help solve problems and collaborate with many businesses and organizations.
Q: Why did you buy the opportunity that you did?
A: I selected ICS as my next venture due to the following:
* Great earnings potential.
* They have the product and services that small business need. (Great market potential)
* Training and support is fantastic.
* I feel I am helping those people that need help to live the American dream. (owning your own business)
The ICS opportunity is targeted at small businesses. However, they also offer a business opportunity, (The Affiliate Program) that costs nothing to join and they pay a respectful commission for generating potential clients. A person can expand their opportunity to buy in as a branch office with a protected territory and overrides on affiliate sales.
Q: Can you tell us a bit about the opportunity you purchased BRIEFLY and what it does – whole it does it for and about how much it costs to get involved with?
A: We are administering a grant funded program to assist small businesses in accessing capital. This is accomplished in two steps:
- Identifying the right type of capital based upon all mitigating circumstances.
- Meeting the underwriting criteria of the selected source of capital.
Why is this important? If a small business applicant meets the underwriting criteria, then they have a VERY high probability of accessing capital to start or grow. For example, low interest SBA loans up to $150,000 are now fairly accessible and normally fund in ~15 days with very reasonable requirements, i.e., a 165 FICO SBSS score. Still yet, without assistance, very few small businesses are successful in accessing this low cost source of capital.
CAPITAL READY PACKAGE COMPONENTS
Based on the agreed upon source of capital being pursued, We will assist the client with the following five essential elements for funding approval:
- written business plan;
- 36 month cash flow projections;
- third party feasibility data;
- business credit optimization*; and
- personal credit optimization**.
*Business credit optimization refers to building a credible PAYDEX and IntelliScore ratings. We will provide guidance and direction as to how to accomplish this.
**Personal credit optimization refers to adding positive and removing negative items to build credible personal credit scores. We will provide guidance and direction as to how to accomplish this.
$100,000 GUARANTEE: All participants of the Capital Ready Package Program are guaranteed at least $100,000 in funding and we will continue to assist you until that goal is reached. The length of time to access funding is based upon you–not us–including your starting point, your selected type(s) of capital, your compliance with the process, etc. Our lending partners continue to report an average of only ~15 days for funding on the aforementioned SBA loans up to $150,000 with low interest and ten year repayment terms.
Our goal is to get your access to capital started within the first thirty (30) days of participation. We’ll assign you a Finance Officer who will work closely with you to identify immediate sources of capital based upon your mitigating circumstances. Furthermore, a Small Business Mentor will provide you one-on-one guidance as you progress through the ten step process to become Capital Ready.
A: “Nothing Happens Until , Something Is SOLD!”
Thanks for Reading Carpe Diem My Friends